Mubasher: Gold prices are likely to steady during 25-29 September after the US Federal Reserve decided to leave interest rates unchanged, according to analysts.  

Over the previous week, gold achieved the best performance since July 2016 with a 2.4% rise, while the US dollar index recoded the worst performance, reaching 95.472 against a basket of currencies.

Market analyst at Trust Capital Alaa Farhaan said the Fed decision last week will likely send gold higher after going over a slight profit-taking wave, clarifying the price is still moving in an upward channel ranging from $1,351 to $1,366 per ounce.

Commodity analyst Mahmoud Al-Tamr noted that the best timing for a selling decision is when the price reaches $1,346 an ounce, expecting the US dollar index to target 95.90 in the coming sessions.